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Edwin Rothbard
Interstellar Arbitrage
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Posted - 2011.02.17 10:24:00 -
[1]
I recently completed my first debt offering here. I'm currently looking to raise 1b in isk.
Borrower's Background: I own and operate www.rothbards.com Casino. I began my Eve Career missioning and trading. I worked my way up in the universe with my trusty missioning drake (which I still own) achieving 8+ faction standing with Caldari state and a perfect 10.0 standing with Sukuuvestaa Corporation. I began trading when my net worth was below 100m isk. I've done a small amount of manufacturing, and a bit of research. Most of my wealth comes from arbitrage. I'm also an avid PvPer. Since opening the casino, however, I spent lots of time in jita managing the casino, and thus my PvP time is now zero. :(
Loan Purpose: For business expansion, strategic aquisitions, and to build credit history.
Loan Duration: 2 weeks
Loan Amount: 1b isk in total. There will be 10 bonds each with 100m isk face value. This bond offering is aimed at retail investors as opposed to institutional investors. Thus there is a restriction of one bond per pilot. Someone could use alt(s) to purchase multiple bonds, but it would be too time consuming for me to root out any potential aliases. Someone can always play internet-spaceship sherrif if they spot someone buying bidding on bonds with multiple characters.
Interest Rate: This is a dutch auction. I am willing to pay up to 20% interest for a two-week period. Please bid the interest you are willing to accept. I will not pay more than 20%. Please keep bids to 1/4 point increments. The 10 lowest bids will be accepted. In the event that there are multiple low bidders at the same interest rate, the oldest unedited bid will be the winner. Bids will be accepted until 23:59 Eve time on Saturday February 19th 2011. There will be no auction extensions the event of sniping bids. If the auction fails to gain at least 10 valid bids the bond auction will be cancelled.
Loan Funding: The winners will be notified in game. They will need to fund their newly purchased bonds by 23:59 Eve time on Sunday February 20th 2011. If you are not able to send funds on Sunday please avoid bidding in the auction. Please confirm that funds are sent in this thread. Confirmation of receipt of funds will also take place here. Winning bidders will need to send funds to me, Edwin Rothbard. Note, if you put the words "casino" and/or "deposit" in the reason code when sending your isk it will be treated as a casino deposit and NOT as loan funding.
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Edwin Rothbard
Interstellar Arbitrage
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Posted - 2011.02.17 10:26:00 -
[2]
Loan Repayment: Principal plus appropriate interest will be repaid to each investor by 23:59 Eve time Sunday March 6th 2011. Confirmation of repayment will also take place in this thread.
Collateral Offered: None.
Outsanding Debt Obligations: None.
Current Net Asset Value (NAV): I hold substantial liquid isk for my casino operations. Like most pilots I also have many illiquid assets. I have many outstanding sell orders and inventory that I sell via private contracts. My EveBoard profile offers a rudimentary view of my current NAV.
Auditing: I understand that the above claims regarding my assets and liabilities are somewhat diminished without an independent audit. Currently the API system exposes player Eve mails. Exposing these eve mails could compromise my customer's casino account security. Thus I need to decline handing out my API key to more people. CCP plans to change the API system to allow more granular control over exactly what items are exposed with their API keys. Once this is in place I should be able to use a 3rd party auditor without security concerns.
Other information: No convos in game please. Eve mails are ok, but I would prefer questions to be asked in this forum thread. Loan offers in excess of 100m isk will be declined. Loan offers less than 100m isk will also be declined. I will keep a list of current winning bids in this post. Please note that I don't hit refresh on the forums all day thus the list could be out of date. Please check posts by other pilots to see where current bidding stands.
Regards, Edwin Rothbard www.rothbards.com
Current Winning Bidders: 1) 2) 3) 4) 5) 6) 7) 8) 9) 10)
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Candy Oshea
Amarr Techfree Investment Group
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Posted - 2011.02.17 10:33:00 -
[3]
Start you off at 100m @ an astonishing 20%
Best of luck Edwin o/
xx
Candy
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Florestan Bronstein
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Posted - 2011.02.17 10:51:00 -
[4]
Edited by: Florestan Bronstein on 17/02/2011 10:51:04
"strategic aquisitions [sic]"
Please explain.
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Gatan Hahran
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Posted - 2011.02.17 12:11:00 -
[5]
1 bond @ 11%
Caldari&Amarr POScorp Standing Service - only 90m isk |
Edwin Rothbard
Interstellar Arbitrage
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Posted - 2011.02.17 12:15:00 -
[6]
Originally by: Florestan Bronstein
"strategic aquisitions [sic]"
Please explain.
for a spell checker ofc.
If there's any leftover after that I have a long list of things the casino needs. "Prostitues" and "large crates of spirits" are always in high demand by customers. Some customers have also requested new felts on the Matari Pick'em tables.
Originally by: Florestan Bronstein
(maybe also explain what strategic acquisitions you made with the 100m you asked for 2.5 weeks ago)
I used his money to in part to raise the betting limits at the casino.
Can I put you down for 100m @20%?
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Liberty Eternal
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Posted - 2011.02.17 12:28:00 -
[7]
ER, why not just launch a serious business offering from the get-go?
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Caldariftw123
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Posted - 2011.02.17 12:33:00 -
[8]
Your previous joke bond, for a mere 100million from some random guy who bid a negative amount of interest, doesn't mean you can come back and ask for 1billion and it be taken seriously by anyone other than your alts. You've no legitimate reason for this, considering your position already in this game, and your last stated 'reason' for a bond was "I'm new to the MD forum and my post was intended as a way for me to introduce myself to the community and to build reputation." ..
Weird/scam/madness/unknown whatever this is, it's definitely not legit.
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Gatan Hahran
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Posted - 2011.02.17 14:14:00 -
[9]
Originally by: Caldariftw123 Your previous joke bond, for a mere 100million from some random guy who bid a negative amount of interest,...
To explain a few things: A few people, including Arya Tara (a former customer of my corpstanding service), Edwin Rothbard and me were hanging around in the honorable business lounge (ingamechannel). Edwin linked the thread in the channel and since i know him a bit ingame i wanted to provide him the small loan for free (did a 0,0% interest offer), however Arya Tara read the thread too and decided to start the trolling by offering a negative interest rate, i offered again for the lolz and the result was -10%. It was not in Edwins hands and i think he was not very happy that we made a joke out of his thread.
Originally by: Caldariftw123 some random guy
To be honest, you look a bit more random (even if i see you in signa and scc from time to time)
Caldari&Amarr POScorp Standing Service - only 90m isk |
Amaroq Dricaldari
Amarr Universal Deathdealing Militia Fusion Alliance
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Posted - 2011.02.17 16:43:00 -
[10]
How much would I get in 2 weeks with only 15 million? -- As an Amarr Defector, I chose to become a Mercenary and Industrialist. I also have one goal in mind: Create a new age of peace and prosperity for all four empires. |
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O'nira
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Posted - 2011.02.17 16:58:00 -
[11]
Bid 1 bond 20%
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Edwin Rothbard
Interstellar Arbitrage
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Posted - 2011.02.17 17:25:00 -
[12]
Originally by: Amaroq Dricaldari How much would I get in 2 weeks with only 15 million?
Quoting from the bond offering "Loan offers less than 100m isk will also be declined."
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Seven Sins
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Posted - 2011.02.17 17:28:00 -
[13]
1 bond, 20%
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Phoebe Halliwel
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Posted - 2011.02.17 17:57:00 -
[14]
1 bond, 15%
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Von Bonez
The Airborne Fleet
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Posted - 2011.02.17 18:14:00 -
[15]
Edited by: Von Bonez on 17/02/2011 18:15:21 1 bond at 5% |
Dryfty
Suddenly Ninjas Tear Extraction And Reclamation Service
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Posted - 2011.02.17 19:01:00 -
[16]
1 bond, 20%
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Grimhowl
Heroes of NewEden
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Posted - 2011.02.17 19:10:00 -
[17]
1 bond 18% I don't want the world, I just want your half. |
Cheque Please
Hot Like Mexico
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Posted - 2011.02.17 20:14:00 -
[18]
1 bond, 15% --- RL Meeting w/ Chribba
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Two Shots
Caldari GoonWaffe Goonswarm Federation
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Posted - 2011.02.17 20:42:00 -
[19]
I'll fill your 1 billion bond (10 shares or whatever) at 20%.
Two Shots Goonwaffe |
Von Bonez
The Airborne Fleet
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Posted - 2011.02.17 23:39:00 -
[20]
Originally by: Two Shots I'll fill your 1 billion bond (10 shares or whatever) at 20%.
"This bond offering is aimed at retail investors as opposed to institutional investors. Thus there is a restriction of one bond per pilot" |
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egola
Amarr
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Posted - 2011.02.17 23:56:00 -
[21]
1bond at 20%
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Two Shots
Caldari GoonWaffe Goonswarm Federation
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Posted - 2011.02.18 00:13:00 -
[22]
Edited by: Two Shots on 18/02/2011 00:14:08
Originally by: Von Bonez
Originally by: Two Shots I'll fill your 1 billion bond (10 shares or whatever) at 20%.
"This bond offering is aimed at retail investors as opposed to institutional investors. Thus there is a restriction of one bond per pilot"
Fine then. Each of my Planetary Interaction alts and 2 of my cyno alts will each take one bond at 20%.
I have no desire to babysit this thread like it's a market order in Jita. If the guy wants his bond filled quick and easy, I'm willing to do it.
Two Shots Goonwaffe |
Phoebe Halliwel
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Posted - 2011.02.18 00:40:00 -
[23]
Originally by: Two Shots If you really want me to be sneaky about it, I can have a bunch of random newbee goons post here asking for one bond each at 20%; or, I can get a bunch of friends with neutral alts to do the same.
Come back when you understand the principle of a dutch auction.
Tip: He doesnt want it filling at 20%
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Tutskii
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Posted - 2011.02.18 00:48:00 -
[24]
Edited by: Tutskii on 18/02/2011 00:56:18
Originally by: Two Shots Edited by: Two Shots on 18/02/2011 00:17:59
Originally by: Von Bonez
Originally by: Two Shots I'll fill your 1 billion bond (10 shares or whatever) at 20%.
"This bond offering is aimed at retail investors as opposed to institutional investors. Thus there is a restriction of one bond per pilot"
Fine then. Each of my Planetary Interaction alts and 2 of my cyno alts will each take one bond at 20%.
I have no desire to babysit this thread like it's a market order in Jita. If the guy wants his bond filled quick and easy, I'm willing to do it.
If you really want me to be sneaky about it, I can have a bunch of random newbee goons post here asking for one bond each at 20%; or, I can get a bunch of friends with neutral alts to do the same. Either way you slice it, I think 20% is a really nice return and I would like to fill this bond. If you make me put forth a lot of effort to side-step the limitation on the number of bonds, that just makes it more amusing.
I guess they don't have an auction class at ::smug:: school. You are making yourself look bad in front of the "pubbies".
Put me in for 1 bond at 19%, btw
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Hail Goddess
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Posted - 2011.02.18 01:01:00 -
[25]
1 bond @ 20%
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Two Shots
Caldari GoonWaffe Goonswarm Federation
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Posted - 2011.02.18 01:05:00 -
[26]
Originally by: Phoebe Halliwel
Originally by: Two Shots If you really want me to be sneaky about it, I can have a bunch of random newbee goons post here asking for one bond each at 20%; or, I can get a bunch of friends with neutral alts to do the same.
Come back when you understand the principle of a dutch auction.
Tip: He doesnt want it filling at 20%
Of course he doesn't want it to fill at 20%. He ideally wants it to fill at 0%. My offer fills the bond at 20% and then the people below me set the new rate. I will then come back a few days from now and offer to buy it out at rate below what's presently filling it. Isn't that how a dutch auction works?
Two Shots Goonwaffe |
Edwin Rothbard
Interstellar Arbitrage
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Posted - 2011.02.18 04:24:00 -
[27]
The bond has sufficient bids to cover now which means the bond will commence on Sunday. Here are the current winning bidders at the time of this particular post. Please refer to the 2nd post in this thread for the up-to-date list:
1) Von Bonez @ 5% 2) Gatan Hahran @ 11% 3) Phoebe Halliwel @ 15% 4) Cheque Please @ 15% 5) Grimhowl @ 18% 6) Tutskii @ 19% 7) Candy Oshea @ 20% 8) O'nira @ 20% 9) Seven Sins @ 20% 10) Dryfty @ 20%
To be clear you need to bid at a rate lower than the current highest bid in order to be included in the bond. If you bid 20% now your bid will not be qualify because there are already 10 bids and the bond is already filled with older 20% bids. If, for example you bid 19.5% at this point you would be listed #7 under Tutskii, Candy would move to #8, O' nira would go to #9, Seven Sins would become #10, and Dryfty would be pushed off the bottom of the list. Think of it as a top-ten list and the lowest percentage bidders are the ones who make up the list. Ties go to the oldest bids. I hope that clarifies the process.
Thank you to all of the bidders.
@two shots
You may want to re-read the bond offering. It appears you misunderstood the purpose and/or the process.
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b00011001
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Posted - 2011.02.18 06:00:00 -
[28]
1@16%
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Aaron Kalee
Cyber Securities
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Posted - 2011.02.18 10:41:00 -
[29]
1 bond at 19.75%
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egola
Amarr
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Posted - 2011.02.18 13:35:00 -
[30]
Edited by: egola on 18/02/2011 13:34:43 1Bond at 19.5%
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